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Mixed Use · Chicago, IL
$275,000
beds · baths
2544 E 83rd Street, Chicago, IL, 60617
A brick-and-mortar place to make your own — room to make it home.
Active

What’s special

Welcome to South Chicago's next premier business opportunity - a dynamic mixed-use property offering endless potential in a rapidly evolving corridor. Formerly home to two separate businesses, a bar and salon, this expansive commercial space has already undergone major improvements, including a brand-new tear-off roof and a completely gutted to the studs in preparation for a large-scale restaurant and bar concept. Architectural plans are included with the sale, creating a seamless path for your vision to become reality. Designed with flexibility in mind, the massive steel-framed structure offers a rare clear-span layout with uninterrupted floor-to-ceiling window lines, delivering exceptional natural light, visibility, and design possibilities. Whether you envision a trendy restaurant, upscale lounge, cafe, boutique retail space, gym, creative studio, or professional office, this property is ready to accommodate your next venture. Above the commercial space, the attached residential apartment provides the ultimate live/work opportunity, featuring three spacious bedrooms, one-and-a-half baths, and both front and rear outdoor decks perfect for relaxing or entertaining. A large gated backyard and expansive on-site parking add even more convenience and functionality. Ideally located near the future Quantum Computing Campus and surrounded by ongoing neighborhood investment and development projects, this property is positioned to benefit from continued growth, increased demand, and long-term value appreciation. This is a unique chance to establish your business, invest in a transforming community, and create something truly exceptional. Schedule your private tour today and explore the possibilities waiting in South Chicago!
— the listing agent’s description

The home

Built in 1960
Lot 50X125
Mixed Use

What it’ll cost

$4,380 taxes / yr
No HOA
7 days on dwello

Estimated monthly payment

$1,907/mo
Principal & interest$1,462
Property taxes$365
Homeowners insurance$80
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Tour this home

In person, on your schedule — a dwello agent meets you there.
WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
Schedule a tour
7 days on dwello
Price history
Listed for sale
Jul 21, 2026
$275,000
Earlier records
Listed
May 15, 2026
$350,000
Listed
May 15, 2026
$325,000
From MLS records — independently verify.
Property taxes
2025
Annual tax bill (MLS)
$4,380/yr
Assessed value
2025
County assessor
$21,801~$218,010 mkt
2024
$21,801~$218,010 mkt
2023
$14,000~$140,000 mkt
2022
$14,000~$140,000 mkt
2021
$14,000~$140,000 mkt
2020
$14,268~$142,680 mkt
2019
$16,400~$164,000 mkt
2018
$16,400~$164,000 mkt
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

Window Unit(s)

Schools nearby

Great Lakes Academy · 0.2 mi
Coles Elementary School · 0.3 mi
Niños Heroes Community Academy · 0.5 mi
Oxford Community Center for Academics · 0.5 mi
Cosmetologist Educational Institute · 0.5 mi
This listing didn’t include assigned schools, so these are the closest schools (OpenStreetMap) — not necessarily the attendance-zoned schools. Confirm assignment with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Richard Lomax · Fulton Grace Realty
Listing last updated Jul 27, 2026 · data refreshed from the MLS Jul 27, 2026, 5:09 AM CT
Based on information submitted to the MLS GRID as of Jul 27, 2026, 5:09 AM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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